AXIS Healthcare Enters Market to Provide Nursing Home Professional Liability Coverage in the U.S.

— Addition of New Book of Business Highlights Strategic Value and
Attractive Demographics of the Growing Aging Services Market —

PEMBROKE, Bermuda–(BUSINESS WIRE)–AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS) today
announced that AXIS Healthcare—the division of AXIS Insurance that
provides professional liability insurance and associated standard
casualty coverages for physician groups, hospitals and allied healthcare
facilities—has entered the nursing home professional liability market by
bringing on board two underwriters who have significant experience in
senior aging services. Dave Stoner, previously a Vice President at
Rockhill Insurance Group, has 27 years of aging services professional
liability underwriting experience. Jason Correll, previously an
Assistant Vice President at Rockhill, has 14 years of experience in that
area.

Commenting on the announcement, Peter Wilson, President of AXIS
Insurance’s U.S. operations, said, “This move marks AXIS Healthcare’s
entry into the aging services market, which we have long identified as a
promising and growing segment for specialty insurers. The long-term
demographics of an aging population indicate that this should be a
growth business as the demand for assisted living and nursing care
increases.”

Kimber Lantry, Head of AXIS Healthcare, added, “Given the strong
demographic trends driving long-term growth in aging services and
nursing home care, we have great confidence both in the scale of the
opportunity and in the actuarial, claims, and underwriting expertise
AXIS Healthcare will bring to serving clients and brokers in this area.
As part of the anticipated transition from Rockhill, we are very pleased
to welcome two additional highly experienced underwriters, Dave and
Jason, to our team.”

Dave Stoner graduated with a B.S. degree in public administration from
Shippensburg University in Pennsylvania in 1989, and holds his CPCU,
ARM, AU and RPLU designations. Dave began his insurance career as an
underwriter with Chubb Executive Risk in 2000, worked as a wholesale
broker for a year (in 2003), and then returned to the underwriting side,
spending five years as director of underwriting for LTC Risk Management,
a risk purchasing group program, before joining American Safety
Indemnity Company as a part of their acquisition of LTC Risk Management
in 2008.

Jason Correll graduated with a B.S. degree in business management from
Ball State University in Muncie, Indiana in 2003. Jason began working
with LTC Risk Management in 2002 as a nursing home professional
liability underwriter. He joined American Safety Insurance in 2008 when
ASI acquired LTC. In 2012, he moved to Rockhill, also underwriting
nursing homes.

Nursing homes and assisted living facilities potentially interested in
coverage should reach out to their insurance broker, or contact AgingServices@AXISCapital.com.

About AXIS Capital

AXIS Capital is a Bermuda-based global provider of specialty lines
insurance and treaty reinsurance with shareholders’ equity attributable
to AXIS Capital at December 31, 2015 of $5.9 billion and locations in
Bermuda, the United States, Europe, Singapore, Canada and Latin America.
Its operating subsidiaries have been assigned a rating of “A+”
(“Strong”) by Standard & Poor’s and “A+” (“Superior”) by A.M. Best. For
more information about AXIS Capital, visit our website at www.axiscapital.com.